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Zhao-Chen Family Foundation Inc. is a private corporation based in MIAMI, FL. The foundation received its IRS ruling in 2021. The principal officer is % David M Allen. It holds total assets of $86.3M. Annual income is reported at $59.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Zhao-Chen Family Foundation Inc. has made 14 grants totaling $7.1M, with a median grant of $98K. Annual giving has decreased from $5M in 2022 to $2.1M in 2023. Individual grants have ranged from $10K to $2M, with an average award of $505K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in California and Illinois and New York. Contributions to this foundation are tax-deductible.
Zhao-Chen Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in CA, IL, NY.
Zhao-Chen Family Foundation Inc. has distributed a total of $7.1M across 14 grants. The median grant size is $98K, with an average of $505K. Individual grants have ranged from $10K to $2M.
Zhao-Chen Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Zhao-Chen Family Foundation Inc. is headquartered in MIAMI, FL. While based in FL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peng Zhao | PRESIDENT, SECRETARY AND TREASURER | $0 | $0 | $0 |
Total Giving
$2.8M
Total Assets
$62.5M
Fair Market Value
$62.5M
Net Worth
$62.5M
Grants Paid
$2.1M
Contributions
$20.6M
Net Investment Income
$4.9M
Distribution Amount
$2.2M
Total: $23.5M
Total Grants
14
Total Giving
$7.1M
Average Grant
$505K
Median Grant
$98K
Unique Recipients
6
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Asian American FoundationTO BUILD THE INFRASTRUCTURE TO IMPROVE ASIAN AMERICAN AND PACIFIC ISLANDER ADVOVACY, POWER AND REPRESENTATION | San Francisco, CA | $2M | 2023 |
| The Second City Inc - Victor Wong Fellowship ProgramTHE VICTOR WONG FELLOWSHIP PROGRAM IS DESIGNED TO TRAIN THE NEXT GENERATION OF AAPI COMEDIC TALENT. | Chicago, IL | $25K | 2023 |
| Asian Pacific Community FundTO CULTIVATE PHILANTHROPIST TO INVEST IN ORGANIZATIONS THAT EMPOWER UNDERSERVED ASIAN AND PACIFIC ISLANDERS (AAPI) TO PROSPER BY BUILDING HEALTHIER COMMUNITIES, CREATING A STRONGER AAPI VOICE AND DEVELOPING AAPI LEADERS | Los Angeles, CA | $25K | 2023 |
| Chinese American Service LeagueTHE GRANT SHALL BE USED TO SUPPORT CASL'S WORK TO SERVE THE AAPI COMMUNITY, AND VULNERABLE POPULATIONS MORE BROADLY, IN CHICAGO WITH WRAPAROUND SOCIAL SERVICES AND A NEW EFFORT TO CAPTURE DATA ON THE NEEDS AND EXPERIENCES OF AAPI POPULATIONS. | Chicago, IL |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL
| $10K |
| 2023 |
| Kartemquin Educational FilmsTHE GRANT WILL ESTABLISH AND FUND "THE PENG ZHAO & CHERRY CHEN FUND FOR AAPI VOICES AT KARTEMQUIN," AN INITIATIVE THAT PROVIDES SUPPORT FOR THE NEXT GENERATION OF AAPI NONFICTION STORYTELLERS AS THEY WORK TO BRING NEW STORIES TO AUDIENCES AND BUILD CAREERS IN THE FILM INDUSTRY. | Chicago, IL | $300K | 2022 |
| Korean American Community FoundationWORKING TO ADDRESS THE MOST PRESSING NEEDS IN THE KOREAN-AMERICAN COMMUNITY AND BEYOND. TO THE SUPPORTERS; KACF PROVIDES A WAY TO MAGNIFY THE IMPACT OF THEIR GIVING AND TO BUILD BRIDGES ACROSS GENERATIONS & COMMUNITIES | New York, NY | $10K | 2022 |
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